Mumbai, Sept. 19
EXPORT-Import Bank of India has raised $160 million through a club deal at a margin of 15 basis points over Libor.
It offered an all-in-yield of 21 basis points over Libor for on-lending towards export credit.
A press release from the bank said that this is the resource with lowest cost raised by an Indian borrower for this tenor. This is the largest single 364-day loan raised by the bank. the release said.